Affiliates of Apollo Global Management LLC (NYSE: APO) and Apex Energy LLC formed a strategic partnership to invest in oil and gas properties in the Appalachian Basin with a primary focus on the Marcellus shale.
Apex’s executive management team is led by Mark Rothenberg, CEO, and Ed Long, chief operating officer. Prior to Apex, Rothenberg and Long were part of the leadership team for the EXCO Resource Inc. (NYSE: XCO) joint venture in the Appalachian Basin. Prior to EXCO, Rothenberg was at Vantage Energy LLC, a private equity-backed E&P company formed in December 2006.
Apex is an oil and gas company focused on developing unconventional assets in the Appalachian Basin. The company is based in Pittsburgh.
Apollo Global Management LLC is a publicly owned investment manager. The firm is headquartered in New York and has nine additional offices in North America, Europe, and Asia.
Recommended Reading
Texas LNG Export Plant Signs Additional Offtake Deal With EQT
2024-04-23 - Glenfarne Group LLC's proposed Texas LNG export plant in Brownsville has signed an additional tolling agreement with EQT Corp. to provide natural gas liquefaction services of an additional 1.5 mtpa over 20 years.
US Refiners to Face Tighter Heavy Spreads this Summer TPH
2024-04-22 - Tudor, Pickering, Holt and Co. (TPH) expects fairly tight heavy crude discounts in the U.S. this summer and beyond owing to lower imports of Canadian, Mexican and Venezuelan crudes.
What's Affecting Oil Prices This Week? (April 22, 2024)
2024-04-22 - Stratas Advisors predict that despite geopolitical tensions, the oil supply will not be disrupted, even with the U.S. House of Representatives inserting sanctions on Iran’s oil exports.
Association: Monthly Texas Upstream Jobs Show Most Growth in Decade
2024-04-22 - Since the COVID-19 pandemic, the oil and gas industry has added 39,500 upstream jobs in Texas, with take home pay averaging $124,000 in 2023.
Shipping Industry Urges UN to Protect Vessels After Iran Seizure
2024-04-19 - Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East.